Tuscaloosa Co., retirement system for police officers and firefighters, pension benefits, member contribution, Act 99-568, 1999 Reg. Sess., am'd.
Description
Relating to the City of Tuscaloosa in Tuscaloosa County; to amend Act 99-568 of the 1999 Regular Session (Acts 1999, p. 1220), as amended, providing for a retirement system for police officers and firefighters; to amend Section 6.03 relating to member contributions, to phase in an increase in the percentage of member contributions; to amend Section 6.05 relating to city contributions, to phase in an increase in the percentage of city contributions; to amend Section 7.01 relating to the membership of the Police and Fire Pension Board, to remove the chief of the fire department and chief of the police department from membership on the board and provide for the appointment of the chief financial officer, an appointment by the mayor, and an additional active police officer and firefighter on the board, increasing the membership from 11 to 13, and to provide for the special
election of the same; to specify that the chair shall be selected from the elected members of the board; to amend Sections 7.02 and 7.03 to increase the length of the terms of office of active and retired police officer and firefighter members of the board from three to four years; to provide further for the duties of the treasurer; to amend Section 7.04 relating to the duties of the board, to provide further for the investment strategy; to amend Section 7.06 to increase the quorum of the board for transacting business from seven to nine members; and to add Article 11 to Act 99-568 of the 1999 Regular Session (Acts 1999, p. 1220), as amended, to establish a temporary task force to provide long term recommendations to the city, the board, and the local legislative delegation on or before June 1, 2021.